MIAMI-July 29, 2021 World Fuel Services Corporation (NYSE: INT) Second-Quarter 2021 Highlights •GAAP net income of $17.6 million, or $0.28 per diluted share •Adjusted net income of $25.0 million, or $0.39 per diluted share •Adjusted EBITDA of $59.8 million As travel and economic activity continue to recover, we have seen volumes improve across our businesses and are optimistic about increasing demand for the balance of the year, stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation. We have also been positioning ourselves to best serve the needs of our customers as they navigate the ongoing evolution of energy consumption. For the second quarter, our aviation segment generated gross profit of $87.4 million, a decrease of 5% year-over-year, principally driven by a reduction in our government-related activity in Afghanistan and lower average margins as a result of returning to a more
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World Fuel Services Corporation Reports Fourth Quarter and Full Year 2020 Results
World Fuel Services Corporation (NYSE: INT)
Fourth-Quarter 2020 Highlights
• GAAP net loss of $3.6 million, or $0.06 per diluted share
• Adjusted net income of $1.1 million, or $0.02 per diluted share
• Adjusted EBITDA of $44.6 million
Full Year 2020 Highlights
• GAAP net income of $109.6 million, or $1.71 per diluted share
• Adjusted net income of $73.6 million, or $1.15 per diluted share
• Adjusted EBITDA of $261.4 million
“While the past year presented some of the most challenging conditions that our company and the market has ever experienced, our risk management capabilities and the resilience of our diversified business model has provided a number of near-term opportunities and our longer-term growth prospects remain strong,” stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation. “We are truly proud of our global team’s dedi